Ziyen Energy are proud to announce they have made their latest acquisition in exchange for ZiyenCoin’s, this time acquiring Non-Operated Working Interests in 42 Oil & Gas wells located in Panola & Cooke Counties, Texas.
Alastair Caithness, CEO, commented
“The Working Interests we have acquired are in onshore mature producing oil wells based in Texas. These will provide the company with US dollar distributions from the ownership of oil production purchased in ZiyenCoins. This acquisition shows the industry’s confidence in Ziyen Energy’s efforts to tokenize oil and gas assets. As with all other companies involved in the oil industry, Ziyen Energy has been affected by the COVID-19 pandemic as this has had a severe impact on energy demand. Despite the challenges facing the industry, Ziyen Energy has continued with our business model and continues to acquire interests for our Tokenized Energy Fund.”
The groundbreaking work of Ziyen Energy and the development of ZiyenCoin, an asset backed blockchain oil and energy security token, has been the subject of an in-depth analysis by leading Professors and Researchers from Columbia University, University of Florida and University of Michigan. Alastair Caithness was also co-author in the recently published a financial paper:
Finance Infrastructure Through Blockchain-based Tokenization
This has been published in Frontiers of Engineering Management Financial Journal, and is available to access through Springer – https://link.springer.com/article/10.1007/s42524-020-0140-2
This portal provides researchers with access to millions of scientific documents from journals, books and reference works, and Ziyen Energy’s groundbreaking work has the company now featured in Google Scholar.
About Ziyen Energy.:
Ziyen Energy. is a technology-driven energy company incorporated in the State of Wyoming, U.S.A. in April 2016. Originally formed as a software company providing information on the oil, gas, power and energy sectors, Ziyen specializes on business information, contracts, news and information by developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. In addition, Ziyen Energy currently owns interests in oil assets based in Texas, Louisiana and the Illinois Basin, which covers Illinois, Indiana and Kentucky. The equity of Ziyen Energy has been tokenized and issued as ZiyenCoin which is offered for sale as a Security Token pursuant to SEC Rule 506(c) of Regulation D.Yuriedan Morales